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PYPG vs UNHG

Leverage Shares 2x Long PYPL Daily ETF

PYPGBNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

9.6%by weight

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

PYPG0.77%UNHG0.77%

Avg volume · 30D

UNHG 1.5×the volume

PYPG483KUNHG726K

PYPG vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

−50.6%PYPG+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. PYPG −50.6%. UNHG +11.9%. Use the arrow keys to read each point.−20%0%Oct 2025Apr 2026Oct 2026
Expense ratio
PYPG 0.77%
UNHG 0.77%
Fund size
PYPG $15M
UNHG $63M
1Y total return
PYPG −50.6%
UNHG +11.9%, better
Holdings
PYPG 4
UNHG 5
Avg volume (30D)
PYPG 483K sh
UNHG 726K sh, better
NAV per share
PYPG $7.99
UNHG $20.57
52W range

ETF.net Grade

PYPG: Cost 60, Risk 59, Mission 96, Tradability 82, Holdings not scored, Durability 61. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for PYPG, UNHG, with each pillar’s weight
PillarPYPGUNHG
Cost30% weightB60B60
Mission25% weightA96HigherA90
Risk15% weightB59A83Higher
Tradability15% weightA82A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB61B66Higher

Rank among Single-Stock Long Leveraged funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. PYPG and UNHG are both graded against the same 315 Single-Stock Long Leveraged funds, so their Grades compare head to head.

Single-Stock Long Leveraged⁠

Category · 315 funds
See all 315 ›

UNHG ranks 2nd and PYPG 23rd of 315 funds in the Single-Stock Long Leveraged Category.

  1. Rank 1ATSMGLeverage Shares 2x Long TSM Daily ETFScore 73
  2. Rank 2AUNHGLeverage Shares 2x Long UNH Daily ETFScore 72
  3. Rank 3AOKTGLeverage Shares 2x Long OKTA Daily ETFScore 70
  4. Rank 23BADBGLeverage Shares 2x Long ADBE Daily ETFScore 64
  5. Rank 23BPYPGLeverage Shares 2x Long PYPL Daily ETFScore 64
  6. Rank 25BLULGLeverage Shares 2x Long LULU Daily ETFScore 63

Our read on each fund

ETF.net Research

PYPGBLeverage Shares 2x Long PYPL Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

PYPG Most of the single-stock leverage aisle is chips and AI. PYPG points the same machinery at PayPal, aiming for 200% of the stock's daily move, resetting every day, at 0.77% with no fee waiver in play.

UNHG Two times UnitedHealth's daily move, reset every night: a managed-care insurer in a category stuffed with chip and AI names. UNHG got there first, and it charges 0.77%.

Stated mandate

PYPG Seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of PayPal Holdings stock.

UNHG The fund seeks daily investment results equal to twice the daily performance of UnitedHealth Group Incorporated stock, before fees and expenses.

Why people hold it

  • PYPG The mechanism is plain: 200% of PayPal's daily move, rebuilt each day inside a 1940 Act ETF you buy in an ordinary brokerage account. No margin account, no options chain to roll.leverageshares.com
  • At 0.77% it sits below the typical fee in a category of 365 measured peers, and level with siblings such as UNHG at 0.77%, just above TSMG at 0.76% and OKTG at 0.75%.
  • Day to day it has tracked its stated 2x target closely, one of the stronger implementations among leveraged single-stock bull funds, and it trades with reasonable regularity for a niche ticker.
  • UNHG At 0.77%, the cheaper of the only two 2x UNH funds: Direxion's UNHU runs 0.97% net of a waiver through September 1, 2027. Both sit below the category's typical fee.
  • First to the 2x UNH trade, listed July 2025, months before Direxion's version arrived in March 2026. It trades actively for a single-stock leveraged fund.direxion.com
  • Exposure comes from total return swaps reset at each close, and day-to-day it has stayed close to its 2x target. One of the better-built funds in a crowded bull field.leverageshares.comsec.gov

Worth knowing

  • PYPG The 2x target applies to one day only. Across a choppy stretch, compounding can leave your return well short of twice PayPal's move over that same stretch, even if the stock finishes higher.leverageshares.com
  • One company, double speed. An earnings miss or a shift in the payments business hits PYPG twice as hard, with no other holdings to soften it.
  • It launched in 2025 and remains a small fund. Themes has already wound down sibling leveraged ETFs that failed to gather assets, so closure is a real possibility across this shelf.themesetfs.com
  • UNHG Daily reset means multi-day results depend on the path UNH takes, not just its direction. Choppy stretches can erode value even if the stock ends where it started.leverageshares.com
  • Swap-based exposure carries counterparty risk, and everything rides on one managed-care company's news, from earnings to policy headlines.leverageshares.com
  • Listed in 2025, so there is little history to judge it across a full market cycle.

Full PYPG profile⁠

Full UNHG profile⁠

PYPG vs UNHG Holdings

How PYPG and UNHG differ

Overlap by weight

9.6%

Shared holdings make up 12.0% of UNHG and 9.6% of PYPG.

Level by level

  • Holdings1 in both9.6%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for PYPG and UNHG.

Country, concentration and asset class

Country by domicile

Country weights in PYPG and UNHG, widest gap first
CountryMore in PYPGMore in UNHG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • PYPG209.5%
  • UNHG212.0%

Securities held

  • PYPG1
  • UNHG1

Asset class

PYPG
Equity
UNHG
Equity

Holdings

  • Only in PYPG0
  • In both1
  • Only in UNHG0

Only in PYPG

0 securities, 0.0% of PYPG by weight

Only in UNHG

0 securities, 0.0% of UNHG by weight

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in PYPG and UNHG, widest gap first
HoldingMore in PYPGMore in UNHG
First American Treasury Obligations Fund 01/01/2040UNHG +2.43 points

All 4 PYPG holdings⁠All 5 UNHG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

PYPG vs UNHG Cost

Same expense ratio

$14,829

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PYPG 0.77%

    $14,829

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • PYPG 0.77%
  • UNHG 0.77%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530PYPG $14,829UNHG $14,829

Year by year

YearPYPGUNHG
10$1,371$1,371
20$5,205$5,205
30$14,829$14,829

Expense ratio

  • 0.77%PYPG
  • 0.77%UNHG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PYPG 135th cheapest of 315 funds

UNHG 135th cheapest of 315 funds

PYPG vs UNHG Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
PYPG None
UNHG No data
Last payment
PYPG No data
UNHG $1.90
Ex-dividend
PYPG No data
UNHG Dec 30, 2025
Paid on
PYPG No data
UNHG Jan 2, 2026
Frequency
PYPG No data
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

PYPGAll PYPG payments⁠

No distribution history available.

UNHGIrregular · 1 paymentAll UNHG payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $1.90. Use the arrow keys to read each point.$0$22026YTD

PYPG vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PYPG 78.9%since May 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
PYPG −0.33since May 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
PYPG −79.5%since Apr 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
PYPG 1.24UNHG 5.53

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